It is easy to invest in exotic products but difficult to exit them. Think carefully before investing rather than being blown away by expected returns alone, suggests Mrin Agarwal, founder, Finsafe India.
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
Digital lending apps extend small amounts at exorbitant rates. Payment delays invite messages to customer or close family members, often with sensitive information such as Aadhaar and PAN Card scans.
We all need an expert whose advice you can trust, who will not start pushing products at you and rather help you understand why your wealth is not growing as it should, says Erik Hon.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The Reserve Bank is unlikely to lower the interest rates.
'Employees may well be expected to be on call at almost all times -- much like the standard Indian approach to the workday,' points out Mihir S Sharma.
Sitharaman further said that to mitigate genuine difficulties of start-ups and their investors, government has decided to withdraw angel tax provisions for them.
The first half of 2019-20 will be under pressure, since prices are expected to go up by Rs 7,000-8,000 at a time when sentiment is poor.
A glance back at some of the important ups and down Indian Inc faced in 2018.
The PM said there was a need to tackle the problem of terrorism in an organised manner.
The Reserve Bank of India (RBI) on Wednesday gave banks time till October 31 to comply with its guidelines on current account and overdraft facilities. The central bank indicated that it was in no mood to change the proposed rules, but would only allow for stretching the timeline for smoother implementation. The initial deadline had ended on July 31, leading to thousands of current accounts being closed or frozen by banks. Lenders had requested the RBI for some more time to resolve the operational issues in implementing the provisions of the August 2020 circular in letter and spirit.
Officials said Sebi first proposed to the FinMin to amend the relevant provisions in the Sebi Act to discontinue RBI's representation on its board, as it already has adequate presence of government nominees and in its over 25 years of existence the regulator has evolved as an "effective and one of the best in the world".
Go for high quality and low-to-medium-duration funds in your debt portfolio
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
Promoters' holding in private sector BSE 500 companies declined to 43.4% in Sept
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
'Common sense says if one can afford, servicing the loans during this period is a better bet than postponing it by three months,' says Tamal Bandyopadhyay.
Loan rates will change at the next reset, while deposit rates will continue till maturity.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
A downturn in Indian demand could hit global gold prices.
The chairman's post will soon fall vacant, but that's not the only one that needs to be filled.
Despite returns from gold down over 5% in the past three months, it is a good idea to keep this asset class in your portfolio.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
India has been probing hundreds of black money cases.
'As a donor, you may think you are saving one life. But you touch the lives of the entire family and community associated with the person. And it only cost you a few hours of your life.'
Analysts expect RBI to restore 100-bp corridor in Tuesday's policy review.
Modi, upon arrival, was received by External Affairs Minister Sushma Swaraj.
'It is especially discouraging for young people in the development sector. I've noticed that many of them are actively considering other career options to escape this atmosphere.' Geetanjali Krishna reports.
Only in case of equities will the nominee will automatically get the money.
The BRICS stressed on resolution of conflicts in a declaration issued after a virtual meeting of foreign ministers of the member nations of the grouping. The meeting was attended by External Affairs Minister S Jaishankar and his Chinese counterpart Wang Yi.
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
'We feel there is definitely something murky in the system.' 'Will anyone believe that Nirav Modi will go to a branch and bribe a low-level officer?' 'Just look at the people with whom he had moved around.'
'Will people who buy iPhones stop buying iPhones to help swadeshi models?' 'There should be some advantage for the consumer to make them buy a Made in India product.' 'Patriotism and nationalism are good words, but in business, it won't work.'
23 Yards will include body wash, beard oil, shaving gel, deodorant and sanitizer.
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
A high fashion event can teach you a thing or two about money matters! Intrigued? Then read on to find out more!